花旗发表研报指,携程集团(09961.HK) (TCOM.US) 2025年首季及全年经调整营运利润率展望低于该行及市场普遍预期,相信是由于Trip.com的收入贡献增加下毛利率前景趋弱,以及营销和人力等经营开支增加所致。花旗认为,为了更长远的发展及获取市场份额,Trip.com加大在获客及供应链能力建设的投资属合理,认为管理层的展望似乎有点过于保守。鉴于利润率前景趋弱,花旗将携程今明两年盈利...
Source Link花旗发表研报指,携程集团(09961.HK) (TCOM.US) 2025年首季及全年经调整营运利润率展望低于该行及市场普遍预期,相信是由于Trip.com的收入贡献增加下毛利率前景趋弱,以及营销和人力等经营开支增加所致。花旗认为,为了更长远的发展及获取市场份额,Trip.com加大在获客及供应链能力建设的投资属合理,认为管理层的展望似乎有点过于保守。鉴于利润率前景趋弱,花旗将携程今明两年盈利...
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